The gross national savings rate in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 0.5 percentage points. The savings rate is estimated to amount to 14.81 percent in 2029. The savings rate here refers to the gross domestic saving by the state, private households, and corporations and is shown as a percentage of total gross domestic product (GDP).The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

Household Saving Rate in the United Kingdom decreased to 10.90 percent in the first quarter of 2025 from 12 percent in the fourth quarter of 2024. This dataset provides - United Kingdom Households Saving Ratio - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The savings rate of households in the United Kingdom (UK) fell slightly in the third quarter of 2024. That came after a period of rising household savings that peaked in the second quarter of 2024, when they amounted to 10.3 percent of their desposable income.

In 2025, households from the United Kingdom (UK) are expected to save over **** percent of their disposable incomes. This savings rate fluctuated significantly since 2007, with the lowest figures recorded in 2018 at **** percent. In 2020, due to the coronavirus (COVID-19) outbreak and resulting lockdowns, savings rates spiked across the world. In the UK, savings rate reached roughly ** percent that year, more than ***** times higher than in the previous year.

Key information about UK Gross Savings Rate

• UK Gross Savings Rate was measured at 16.4% in Sep 2024, compared with 16.4% in the previous quarter.
• UK Gross Savings Rate is updated quarterly, with data available from Mar 1955 to Sep 2024, and an average rate of 16.4%.
• The data reached an all-time high of 16.4% in Mar 1973 and a record low of 12.7% in Jun 2009.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is calculated as the sum of Household, NPISHs and Government Expenditure. Office for National Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, UK GDP expanded 0.2% YoY in Mar 2023.
• UK Nominal GDP reached 786,411.4 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 6.6% in Dec 2022.
• UK GDP Per Capita reached 45,308.8 USD in Dec 2022.

The values of any financial assets held including both formal investments, such as bank or building society current or saving accounts, investment vehicles such as Individual Savings Accounts, endowments, stocks and shares, and informal savings.

In the United Kingdom, the household gross savings rate dropped to *** percent in the third quarter of 2021, the lowest rate since the start of the COVID-19 pandemic. During the period considered, households saved between four and ** percent of disposable income. The gross savings rate in Spain has followed similar trends as in the United Kingdom, as both countries had relatively low figures, which increased very significantly after the outbreak of the COVID-19.

In 2023, adults living in a household of one or two people in the United Kingdom (UK) were more likely to own a savings account than larger households. ** percent of adults in two-people households had a short or long-term savings account, while just ** percent of adults in a with * people or more in their household had a savings account.

Comparison of first estimates of saving ratio with estimates published a quarter later.

Impact of Blue Book 2024 changes on the household saving ratio, including real households’ disposable income and households’ gross disposable income.

Household gross savings value in the United Kingdom (UK) spiked during the second quarter of 2020, reaching a value of approximately 92 billion British pounds. By contrast, during the first quarter of 2020, gross savings amounted to 35 billion British pounds. This unprecedented increase was due to the coronavirus (COVID-19) outbreak and the resulting widespread lockdown and temporary business closures. A similar increase in savings can be seen during the second genralized lockdown in the first quarter of 2021.

United Kingdom HN: Households Saving Ratio: sa data was reported at 4.400 % in Jun 2018. This records an increase from the previous number of 3.900 % for Mar 2018. United Kingdom HN: Households Saving Ratio: sa data is updated quarterly, averaging 9.100 % from Mar 1963 (Median) to Jun 2018, with 222 observations. The data reached an all-time high of 15.200 % in Jun 1993 and a record low of 3.400 % in Mar 2017. United Kingdom HN: Households Saving Ratio: sa data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.AB051: ESA10: Resources and Uses: Household and Non Profit Institutions Serving Households: Disposable Income.

Interest-bearing sight deposits was the type of savings deposit with the highest outstanding amount in the United Kingdom in 2024. The outstanding value of those types of deposits in the UK amounted to 911 billion British pounds that year, while the value of NS&I deposits was 233 billion British pounds.

Data series for income, consumption and savings produced as part of the OECD exercise on household distribution. Also contains socio-demographic information.

BOE Forecast: Household Saving Ratio data was reported at 4.500 % in 2021. This stayed constant from the previous number of 4.500 % for 2020. BOE Forecast: Household Saving Ratio data is updated yearly, averaging 4.750 % from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 6.750 % in 2014 and a record low of 4.500 % in 2021. BOE Forecast: Household Saving Ratio data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.H025: Household Saving Ratio: Forecast.

United Kingdom UK: Adjusted Savings: Gross Savings: % of GNI data was reported at 11.610 % in 2016. This records a decrease from the previous number of 12.108 % for 2015. United Kingdom UK: Adjusted Savings: Gross Savings: % of GNI data is updated yearly, averaging 18.741 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 30.008 % in 1976 and a record low of 11.005 % in 2009. United Kingdom UK: Adjusted Savings: Gross Savings: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.; ; World Bank national accounts data files.; Weighted Average;